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Tuesday, September 15, 2020

NMR.X, price exceeded its 50-day Moving Average on Sep. 13, 2020

NMR.X, price exceeded its 50-day Moving Average on Sep. 13, 2020

This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 32 similar cases, and 32 were successful. Based on this data, the odds of success are 90%. Current price $35.61 is above $29.17 the highest resistance line found by Tickeron's A.I. Throughout the month of 08/23/20 - 09/14/20, the price experienced a -19% Downtrend. During the week of 09/09/20 - 09/14/20, the crypto fell -3%.

Bearish Trend Analysis

The 10-day RSI Indicator for NMR .X moved out of overbought territory on August 18, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In 17 of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at 63%.

The Momentum Indicator moved below the 0 level on September 05, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on NMR .X as a result. In 68 of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.

The Moving Average Convergence Divergence Histogram ( MACD ) for NMR .X turned negative on September 01 , 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In 27 of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron’s A.I. shows that BITTREX:NMRUSD in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.

NMR .X broke above its upper Bollinger Band on August 28, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.



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